Thread: Pull the TA?
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Old 06-18-2023 | 04:21 AM
  #8  
Shaman
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Joined: Jun 2015
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From: Fetal in the hub
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Originally Posted by Yuko
This! 17 days and counting. Let’s go for a record here

90+% NO! We should arrive so quickly at the NO threshold in the first 12 hours to send the message this TA is unacceptable on so many levels.
Measure your expectations. They only need 51% and after the re-education camps, er, roadshows 🙄 start they maybe able to spread enough FUD to convince people that this is their last best option.
It's really important that we counter the union messaging that the crewforce spoke and they responded. How they can say with a straight face that they delivered on their openers escapes me but they've all decided to March in lock step with that message.

Fact of the matter is they've been gravely concerned with all the company's positions.
  • Their position on pensions
  • the declining volumes
  • the drive initiative
Your Negotiating Chair and your MEC heard them loud and clear. They then crafted a TA that would meet and serve those positions. They committed to bringing the messaging to the crew force through leading survey questions that obscured the end to OUR defined benefit plan in place of something inferior.

Don't believe it's inferior? Ask these questions
  • Under the MBCBP who guarantees the AMOUNT of your benefit? 28.C.9.a
  • Can a MBCBP have a 0% return ie can your cumulative returns are negative and what is the plans obligated investment credit? See 28.C.9.a
  • Does the agreement require or guarantee a 6.5% return? 28.C.11
  • Can the company amend the portfolio mix and can the association refuse? 28.C.11.d
  • Which party pays for the fees to administrate the MBCBP?
  • How does Military leave effect the 1000 hours annual required vesting period? 28.C.10

Several members of the MEC have commented that this is not a "sales job". Yet they only tout the benefits and minimize (or worse fail to mention) the downside risks, it makes it seem suspiciously like the marketing and disclaimers in a drug commercial. Ie This drug is great but some of you could die if you take it.

When they give you projections and models every last one of you better understand that those are best case numbers with no provision to evaluate the worst case
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